wiar 06-27-20

MFwebsite2020researchWhat I Am Reading

Jun 27 (Saturday)

Morning Briefing PDF
Daily Markets

Markets I
Stock market today: Dow drops 700 points to end the week as coronavirus spike raises concern over the economy | C
U.S. Stocks Fall More Than 2%, End Week Lower | W
These 5 giant stocks are driving the U.S. market now, but watch out down the road | MW
Oil Prices Fall as Rising Covid-19 Cases Prompt Demand Concerns | W

Markets II
Covid-19 Is a Puzzle That Wall Street Can’t Solve | W
Volatility Is Only Sure Thing in Stocks With 2% Days Piling Up | B
Lenders to Ailing Companies Circle Wagons to Fend Off Distressed-Debt Investors | W

U.S. Consumer Spending Rebounded in May, but Virus Surge Poses Economic Threat | W
Small Businesses Raced to Spend PPP Funds but Covid-19 Pandemic Drags On | W
Families fleeing the city are pushing up home prices amid tight supply | NBC

US politics
Democrats Campaign on Health Care as Trump Tries to End Obamacare | W
Trump Holds Back on Outlining Second-Term Agenda | W
House Passes Bill That Would Admit Washington, D.C., as 51st State | W
Have State Pollsters Learned the Lessons of 2016? | W
Coronavirus: Supreme Court rejects universal vote-by-mail in Texas | C

Geopolitics & trade
China Message to U.S.: Crossing ‘Red Lines’ Could Put Trade Deal at Risk | W

Industries & companies
Energy: Exxon Prepares to Make Job Cuts Across Oil Giant’s U.S. Offices | B
Energy: Covid to Keep More Oil Underground, Forcing Drillers to Change | B
FAANGs: Fang Fortress Rattled as Facebook Takes Biggest Hit Since Crisis | B
FAANGs: Facebook to Label All Voting-Related Posts, Not Just Trump’s | B
FAANGs: Zuckerberg: Facebook will prohibit hate speech in its ads | C
Financials: Goldman Has Choices to Make to Avoid Dividend Cut After Fed Test | B
Financials: Are the dividends from your bank stocks safe? Stress test results put pressure on future payouts | MW
Retail: Microsoft to Close Its Retail Stores | W

Virus I
U.S. sets a record for average daily coronavirus cases, rising in more than 30 states | C
Bill Gates: Poor U.S. response is making pandemic picture ‘more bleak than I would have expected’ | MW
Coronavirus Surge in South and West Looks Different From North’s | W
Texas Governor Rolls Back Reopening as U.S. Coronavirus Cases Hit Record | W

Virus II
Coronavirus: Florida reports nearly 9,000 new infections, shattering record | C
NBA finalizes plans to resume at Disney World as Florida coronavirus cases surge | C
Federal Agencies Probe Coronavirus Test-Kit Firm | W

Virus III
EU Moves Toward Urging Travel Ban on U.S. and Entry to China | B
Drug-Hunter Chases Coronavirus Treatment as Pandemic Spreads | W

Corporate finance
Amazon spending $1 billion on Zoox, will have to invest billions more | C
Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business | W
Ro, a telehealth start-up, hitting record sales monthly amid pandemic | C

Buttonwood – What if the dotcom boom and bust hadn’t happened? | E
Who’s going to be the next Wirecard? | FT